Major cryptocurrencies experienced a surge on Wednesday, with the price of Bitcoin rallying over 10% to reach a new high for 2024,hitting $64,000 on Feb. 28 What Happened: The 50% price surge this month is largely attributed to investors’ anticipation of the upcoming supply halving event, which typically triggers strong upward price movement. The steady inflows to the newly introduced spot Bitcoin Exchange Traded Funds are also believed to be influencing Bitcoin’s price action. In the last 24 hours, over 182,243 traders faced liquidation, resulting in a total liquidation value of $751.10 milli…
